The Coca-Cola Company (NYSE:KO) EVP Beatriz R. Perez Sells 57,298 Shares

The Coca-Cola Company (NYSE:KO) EVP Beatriz R. Perez sold 57,298 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $61.99, for a total transaction of $3,551,903.02. Following the transaction, the executive vice president now directly owns 167,107 shares in the company, valued at approximately $10,358,962.93. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Coca-Cola Trading Up 0.1 %

Shares of NYSE KO opened at $62.89 on Friday. The Coca-Cola Company has a 1 year low of $51.55 and a 1 year high of $64.25. The stock has a market cap of $270.93 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 3.53 and a beta of 0.57. The firm has a 50-day moving average of $60.37 and a 200 day moving average of $59.33. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.04 and a quick ratio of 0.86.

Coca-Cola (NYSE:KO) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. Coca-Cola had a net margin of 23.41% and a return on equity of 42.74%. The company had revenue of $11.30 billion during the quarter, compared to analysts’ expectations of $11.01 billion. During the same period last year, the company posted $0.68 EPS. Coca-Cola’s revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts expect that The Coca-Cola Company will post 2.82 EPS for the current fiscal year.

Coca-Cola Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a dividend of $0.485 per share. The ex-dividend date is Friday, June 14th. This represents a $1.94 dividend on an annualized basis and a yield of 3.08%. Coca-Cola’s dividend payout ratio is currently 77.60%.

Institutional Trading of Coca-Cola

Institutional investors and hedge funds have recently bought and sold shares of the company. ZRC Wealth Management LLC grew its stake in shares of Coca-Cola by 213.3% in the fourth quarter. ZRC Wealth Management LLC now owns 470 shares of the company’s stock worth $26,000 after acquiring an additional 320 shares during the period. Tidemark LLC bought a new stake in shares of Coca-Cola in the fourth quarter worth approximately $26,000. Private Wealth Management Group LLC bought a new stake in shares of Coca-Cola in the fourth quarter worth approximately $27,000. Redmont Wealth Advisors LLC bought a new stake in shares of Coca-Cola in the first quarter worth approximately $28,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of Coca-Cola in the fourth quarter worth approximately $30,000. 70.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Barclays increased their target price on shares of Coca-Cola from $68.00 to $69.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. UBS Group increased their target price on shares of Coca-Cola from $70.00 to $72.00 and gave the company a “buy” rating in a report on Wednesday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Coca-Cola from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Wednesday, May 1st. Evercore ISI raised their target price on shares of Coca-Cola from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, Citigroup raised their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $68.27.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.